Low, moderate, and middle income homebuyers may be eligible to purchase the NSP homes and receive $22,500 in financial assistance. To qualify as a homebuyer, you must not currently own residential property, including rental housing or vacation home.
In addition, you must: - Qualify for a 30-year, fixed-rate FHA first mortgage, and
- Complete an eight-hour HUD-approved homebuyers course, and
- Invest one percent of the purchase price towards buying the home, and
- Occupy the home as your principal residence, and
- Meet the income limits below:
Household Size | Maximum Household Income From All Persons In the Household* | 1 | $58,200 | 2 | $66,550 | 3 | $74,850 | 4 | $83,150 | 5 | $89,800 | 6 | $96,450 | 7 | $103,100 | 8 | $109,750 |
* Subject to change by HUD
In Gwinnett County, classes are offered by The IMPACT! Group. For more information, visit www.theimpactgroup.org or call 678.808.4477.
For a complete list of HUD approved housing counseling agencies, go to:
http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=ga
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